Retailers await Xmas ramp-up
Bahamian retailers yesterday said sales for the Christmas holiday shopping period appear to be ramping, with business expected to peak neari the end of the week.
Minister accuses cruise operator of ‘blackmail’
The Minister of Tourism has slammed a major cruise ship operator for trying “to blackmail the Government of the Bahamas” over negotiations for a longer term deal for its Freeport service.
Cruise line’s pull-out ‘worst case scenario’
The Grand Celebration’s owner has warned that its restructuring hinges on a new agreement with the Ministry of Tourism, and that a pull-out from Grand Bahama would be a “worst case scenario” which costs the Grand Lucayan 50 per cent of its pre-Matthew business.
Developer urges: Don’t ‘destabilise’ residency market via $1m mark
A Bahamian developer is urging the Government not to suddenly “destabilise” the real estate market through plans to change the permanent residency threshold, expressing concern for his $60-$70 million in active sales.
BTC, URCA must come Aliv for new operator’s growth
The Bahamas’ new mobile operator needs help from regulators and its main rival to maintain what its top executive described as a ‘double quick’ roll-out timeframe.
Renewable operators ‘prefer’ net metering
Bahamas Power & Light’s (BPL) ‘small-scale renewable generation’ proposal has been hailed as “long overdue” by industry operators, despite misgivings over the chosen compensation method.
Minister: Terminated casino staff paid today
The Minister of Tourism has promised that the 140 terminated Treasure Bay Casino employees will receive their severance pay today, and be interviewed for re-hiring early in the New Year.
GB economy has ‘a long way to go’
Grand Bahama still has a “long way to go” towards economic recovery, the FNM’s deputy leader has acknowledged, as he slammed the Government for “dragging its feet” on the Grand Celebration cruise line negotiations.
Commission’s regulatory powers restored by court
The Appeal Court has overturned a verdict that prevented the Securities Commission “from acting in the public interest”, following its battle with a BISX-listed company over the latter’s compliance with regulatory capital standards.
Activists: Govt ‘in cahoots’ with the Abaco Club
Environmental activists have accused the Government and the Abaco Club of “working in cahoots to oppress and stifle” their legal challenge to the latter’s proposed Little Harbour marina development.
‘So much to get our teeth into’
The newly-appointed House Opposition leader yesterday said she will now head the Public Accounts Committee (PAC), saying: “There’s so much to get our teeth into I don’t know where to start.”
NHI: 70% physician acceptance a ‘stretch’
The National Health Insurance (NHI) Secretariat’s assertion that 70 per cent of doctors are willing to accept its terms and sign on to provide primary care was describe as “a stretch” yesterday by a senior physician.
Loretta: Web shops ‘only game in town’ for Long Islanders
Long Island’s MP yesterday backed concerns that web shops were having a negative economic impact on her constituents, becoming “the only game in town” as other business “pillars” closed.
IAN FERGUSON: How companies can get into Xmas spirit
Sacred scripture reminds us that to give, rather than to receive, is more blessed.
Presure group sceptical on no GB Power rate rise
The head of a pressure group that has been pushing for lower Grand Bahama Power Company (GBPC) tariffs yesterday expressed scepticism over its promise not to increase rates for the next five years, suggesting it was “all a public relations cover-up”.
